Dennis Gartman, author of The Gartman Letter, told
CNBC that he thinks "stock prices want to go higher," and
that we're having a "melt-up not a melt-down." From CNBC:

"The correction happened a couple of weeks ago. You had a very
severe 3.5-4% correction, went right down to a trend line, now
you're taking all of the news that I think is relatively evil for
the market, expectations of tighter monetary policies, being
brought closer rather than being deferred, the market has
accepted that very well and here were are up 95 points on the
day, I think you're having a melt-up not a melt-down. And I think
stock prices still want to go higher. The trend is up and all the
smart guys I know keep trying to fade this thing. I've even tried
to fade it at times and every time you do it's been wrong. It
keeps wanting to go higher."

And in Thursday's Gartman Letter, he sounded pretty bullish.

"...We see nothing that can or should de-rail the protracted
global bull market," he wrote. "…It will end when it ends and it
will end when trends lines are broken; it will end when a
previous rally high fails to be taken out and a previous interim
low is, instead, taken out to the downside." From Gartman:

"It will end when the last of the large number of very publicly
bearish market watchers finally gives in, upends his/her bearish
intuitions and turns, finally, bullish. It will end with the
funds on the sidelines with large sums of cash on hand rather
than investments made put all of those cash hoards to work,
chasing performance. It will end in euphoria as all great bull
markets end and at the moment there is nothing even modestly
resembling euphoria in the markets. Rather there is disbelief in
the integrity of the bull trend, with that disbelief fired by
well- argued theory or theories that are intellectually
brilliant, that make imminent good sense, that are readily
embraced but which have been proven horribly wrong. When those
theories are finally abandoned, the bull market shall end... and
not a moment before.

"We remain “pleasantly” long of the equities market, the middle
path of our three possible paths that one can adopt in a bull
market: Aggressively bullish; pleasantly bullish or neutral."